October 15, 2009, Single Stock

RIL - RIL made a higher high and a higher low. The next resistance is at 2236. We will stay long, but move our stop loss up.
Trading Strategy: Stay long, move stop loss to 2153
Supports: 2084-90, 2058-2071, 1923
Resistances: 2236-40

Infy - Infy made a higher high and a higher low. We hit our stop loss and closed our position. However the up move was not convincing and it was a hammer candle. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 2167-77, 2120
Resistances: 2288, 2353, 2415-21